Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Howden Acquires Dutch Broker VLC & Partners
Dec 20 2023 // Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent insurance brokers in the Netherlands. Financial details of the transaction were...
How Industry and Conventional Lenders Look at Independent Agencies
Dec 20 2023 // This post is part of a series sponsored by InsurBanc. Independent agency principals seek loans for a variety of reasons, such as: Perpetuation or acquisition. Partner buyout. Producer development. Technology or...
Aon to Buy Middle-Market Broker NFP for $13.4 Billion
Dec 20 2023 // Aon plc this morning said it has a $13.4 billion deal in place to purchase broker NFP to expand its middle-market segment. The purchase price will be funded by $7 billion in cash and $6.4 billion of Aon stock. Closing is...
People Moves: XPT Specialty Adds Swift to Brokerage Team; Alliant Names Davis Employee Benefits VP in Kansas City
Dec 14 2023 // Swift Joins XPT Specialty Brokerage Team XPT Specialty, headquartered in New York, N.Y., hired Ben Swift as an underwriter/broker specializing in commercial binding accounts for Midwest retailers. Before joining XPT, Swift...
TWIA Board Votes to Maintain Agent Commissions at 16% After Hearing Testimony on Impact
Dec 14 2023 // The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of directors voted to approve the association’s budget for 2024. The board also voted to keep...
North Carolina Insurance Agent Can’t Appeal Sentence in $700,000 Fraud
Dec 13 2023 // A former North Carolina insurance agent who pleaded guilty to defrauding trucking company clients and a premium finance company of hundreds of thousands of dollars cannot challenge her sentence and restitution order, a...
Former Georgia Insurance Agent Wanted on Charges of Pocketing Premium Payment
Dec 13 2023 // A former Georgia insurance agent was missing Wednesday after he was charged with diverting a premium payment to his own bank account. Michael Durrell Preston Jr., 42, of Woodstock and Canton, was charged with insurance...
Jensten Purchases UK’s Scrutton Bland Insurance Brokers
Dec 13 2023 // Jensten, the London-based independent insurance broking group, has acquired Scrutton Bland Insurance Brokers for an undisclosed amount. The deal brings a team of more than 50 across two additional offices and GWP of £22...
GIC Reaches Agreement to Buy Cinven’s Shares in UK Broker Miller
Dec 11 2023 // Miller, the London-based independent specialist re/insurance broker, announced that GIC, a global institutional investor, and Cinven, the international private equity firm, have reached an agreement for GIC to acquire...
Specialist Risk Group Acquires Lloyd’s Broker CBC Partnership
Dec 8 2023 // Specialist Risk Group (SRG) has agreed to acquire the London-based broker CBC Partnership (CBC), subject to the necessary regulatory approvals. Financial details of the transaction were not disclosed. CBC will become...
UK Insurance Broker Ardonagh Weighs Refinancing $3.9 Billion Debt Pile
Dec 7 2023 // The Ardonagh Group is considering refinancing its entire debt stack to help finance more acquisitions, in a deal that would rank among the largest ever for private credit. The UK insurance broker is in talks with lenders...
Independent Insurance Agents of Illinois to Rebrand as Big I Illinois in 2024
Dec 6 2023 // The Independent Insurance Agents of Illinois announced it will rebrand to Big I Illinois in 2024. The Illinois association’s rebranding will better reflect a name that has resonated with agents, carriers, and...
IMA Financial Adds EBS Insurance Brokers in Massachusetts
Dec 6 2023 // Denver-based insurance brokerage IMA Financial Group reports it is expanding its employee benefits practice nationally with the acquisition of EBS Insurance Brokers of Newton, Massachusetts. EBS and its 30 employees offer...
US DOJ Slaps Criminal Fines on UK Brokers Tysers and H.W. Wood for Bribery
Dec 5 2023 // The US Department of Justice has slapped criminal penalties on UK reinsurance brokers Tysers Insurance Brokers Ltd. and H.W. Wood Ltd. as a result of their participation “in a corrupt scheme to pay bribes to...
Howden Acquires Swiss Reinsurance Broker Haakon AG
Dec 5 2023 // Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon,...
4 Other Tech Tools AgentSync Customers Love and Why
Dec 4 2023 // This post is part of a series sponsored by AgentSync. AgentSync customers know the speed, efficiency, and cost-savings a modern producer licensing and compliance solution brings to their workflows. They also know a thing...
Iowa Insurance Agent Pleads Guilty to Wire Fraud
Dec 4 2023 // An Iowa man pleaded guilty to wire fraud for using his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies. Zachary James Flaherty, age 47,...
People Moves: Markel Appoints Howden’s Woodhouse for War and Terrorism Team; Costero Brokers Taps Marsh’s Olley as Cyber Divisional Director
Nov 29 2023 // This edition of International People Moves details appointments at Markel and Costero Brokers. A summary of these new hires follows here. Markel Appoints Howden’s Woodhouse for War and Terrorism Team Markel, the...
Chubb Survey of Middle-Market Brokers Finds Lack of Awareness of Flood Risk
Nov 29 2023 // Though the risk of flooding is undeniable, a survey by Chubb of brokers with middle-market commercial clients revealed just 16% of them say more than half their clients buy flood insurance. Furthermore, 65% of the more...
Former Allstate Agent in North Carolina Agrees to Abide by Non-Compete Agreement
Nov 28 2023 // A former Allstate insurance agent in North Carolina has agreed to stop selling competing products to her former clients and to return confidential client information to Allstate. A federal judge finalized an agreement...
